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Flutterwave Gets License to Offer Cross-Border Transfers in Africa, Spurring XRP Adoption

Posted on 17. März 2023 in Allgemein

•Flutterwave, an African payment company, has secured a license to provide electronic fund transfer services and other products to individuals and businesses in Rwanda.
•The license would enable the company to offer products such as Send by Flutterwave, its cross-border transfer solution, as well as invoices and checkout, payment links, and Stores.
•Rwanda’s MSMEs make up 97 percent of businesses and contribute about 55 percent of GDP which makes Flutterwave’s decision to expand across Rwanda strategically important.

Flutterwave Secures Electronic Money Issuer License from Rwanda

Flutterwave, one of the fastest-growing payment companies in Africa has announced it has received Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda to enable it to expand its operations in East Africa. This license would enable the company to function as a payment service provider and enable deposits and withdrawals for customers within the country.

Flutterwave Products Available In Rwanda

In addition to this, Flutterwave would offer electronic funds transfer as well as inbound and outbound remittance services to residents. The company will offer several products including Send by Flutterwave, its cross-border transfer solution. In addition to Flutterwave for Business, it will provide invoices and checkout, payment links, and Stores to enable individuals and businesses in the country take advantage of the booming e-commerce market.

Rwanda’s Economy And MSMEs Contribution

Rwanda’s National Institute of Statistics recently reported that Micro, Small & Medium Enterprises (MSMEs) make up 97 percent of businesses. They also contribute about 55 percent to the country’s GDP. Considering their role in the country’s economy, Flutterwave’s decision to expand across Rwanda is purely strategic.

Flutterwave’s Vision To Connect Africa To The World

Olugbenga „GB‘ Agboola Founder & CEO commented that since facilitating its first transaction they have been very committed to its vision of connecting all parts of Africa and connecting it with the world . He mentioned that Rwanda is known for its interest in fostering innovation & digital technology which could play a huge role for them expanding their operations across East Africa .

Conclusion

Leah Uwihoreye , Regional Lead at Flutter wave mentioned that with these licenses they can leverage their global reach & growth in emerging markets , stimulate economies , facilitate seamless cross border transactions for Rwandans & support expansion drive globally & locally .

Crypto Market Update: Optimism, Cronos, and DPA Token See Mixed Results

Posted on 9. März 2023 in Allgemein

• Optimism (OP) experienced a 70% decrease in daily transaction count since the conclusion of its Optimism Quests programme.
• Cronos is a layer-1 blockchain network that is interoperable with Ethereum, and it has now upgraded to an official v1.0 version number.
• DPA Token (DPAT) is an African protocol opening up African investments to the global crypto community, which remains an international hot topic.

Optimism (OP): Decrease in Transaction Volume

Built on top of Ethereum (ETH), Optimism (OP) is one of the leading layer-2 blockchains in the crypto market. It uses optimistic rollups for improved security, allowing users to trustfully record their transactions on Optimism, yet have them ultimately secured by Ethereum technology. After experiencing a significant increase in daily transactions on the layer-2 network, Optimism has observed a 70% decrease since the conclusion of its Optimism Quests program. This program was released in September 2022 and had 18 tasks that aimed to improve user experience within the ecosystem by guiding users through various network features such as swapping, lending, staking etc., with a deadline set for January 17th, 2023.

Cronos (CRO): Upgrade to Official v1.0 Version Number

Cronos Chain is based on Cosmos SDK technology and is an interoperable layer-1 blockchain network that enables developers to port dApps and assets from other layer-1 blockchain networks such as Ethereum, Solana, BNB Chain, and Terra into Cronos Chain in order to scale its decentralized finance sector and dApp user base. Following completion of its Galileo mainnet upgrade earlier this year, Cronos Chain now has an official v1.0 version number which aims to boost its performance regarding quickness, effectiveness and dependability when it comes to processing speed etc..

DPA Token (DPAT): African Investment Opportunities for Global Crypto Community

DPA Token (DPAT) is an African protocol opening up African investment opportunities for global crypto communities all over the world – making it remain a hot topic internationally. DPAT allows investors from anywhere around the world access into Africa’s economies with ease while having access to high liquidity pools without having any geographical boundaries or restrictions hampering their potential growth opportunities or profits they could make through investments made via DPAT’s protocols/mechanisms etc..

Conclusion

The weekly performances from Optimism (OP), Cronos (CRO), and DPA Token (DPAT) have been varied but interesting – with each offering something different for investors depending on what appeals more personally or professionally according to individual investor preferences etc.. However overall there has been plenty of news & excitement surrounding all three platforms which will likely continue going forward into next week too!

Takeaway

It can be seen that both Optimism & Cronos have experienced some volatility over this last week due largely because of changes occurring within their respective platforms – but DPA Token continues being subject of much attention from international crypto communities as it offers great incentives & advantages for interested investors looking at getting involved in Africa’s economies & financial markets etc..

Dogecoin Pumps 6.6% as Elon Musk Massively Advertises DOGE on Twitter

Posted on 2. März 2023 in Allgemein

• Elon Musk recently tweeted about Dogecoin and Shiba Inu, causing them to increase in price.
• The Blockchain Research Lab found that there was an average of 3 percent price range on each of the 47 events after a tweet by Musk.
• Musk’s influence on the cryptocurrency market was further confirmed as Dogecoin recorded a 6.6% rise after his latest tweet.

Dogecoin Pumps After Elon Musk Tweets

Twitter CEO Elon Musk has been linked to several price surges of Dogecoin (Doge) after his tweets triggered speculations among investors. Just recently, Musk has come up with another tweet, causing a fair increase in the price of the meme coin in the last 24 hours.

Musk’s Influence on Crypto Confirmed

According to the Blockchain Research Lab study on the effect of Elon Musk’s moves on crypto, there was a price range of about 3 percent on average on each of the 47 events after a tweet by Musk. The study further observed that whenever there is an immediate and large spike in price, there is another 45-minute price spike that follows.

Price Surge After Latest Tweet

In a statement that is believed to be an apparent joke, Musk Tweeted: „High time I confessed I let the Doge out.“ There was an image attached to the post with the inscription „It was me, I let the dogs out.“ The interesting twist about this is that Shiba Inu has also surged marginally, probably because of Musk’s mention of „dogs“ in plural. Following the tweet, Dogecoin responded with a 6.6 percent sharp increase with Shiba Inu surging by 2.5 percent .

Community Notes Feature

Before Musk’s tweet, Twitter account Community Notes posted that: Starting today, you’ll get a heads-up if a Community Note starts showing on a Tweet you’ve replied to, Liked or Retweeted – giving people extra context they might otherwise miss. This could explain why some users believe that he sought to show his interest in meme coins but it could just be him expressing excitement over new feature introduced to Twitter platform as well.

Conclusion

Elon Musks influence over crypto investors is clear and so far have been positive for many cryptos including Dogecoin which recorded 6

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Gary Vee & Jordan Belfort Join 15,000 Attendees at SiGMA Eurasia Expo in Dubai

Posted on 23. Februar 2023 in Allgemein

• SiGMA Eurasia’s third expo in Dubai from March 13-16, 2023 will be held at the InterContinental Festival Arena.
• Gary Vee and Jordan Belfort are amongst the 15,000 top level attendees expected for the event.
• The expo provides opportunities to network with professionals, learn about new technology and innovations, connect with key decision-makers and gain knowledge about new markets.

SiGMA Eurasia’s Third Expo in Dubai

The SiGMA Eurasia expo in Dubai from March 13-16, 2023 will take place at the InterContinental Festival Arena. It provides attendees with opportunities to network with professionals in various industries, learn about the latest technology and innovations, connect with key decision-makers, and gain knowledge about new markets. Major companies in the technology, gaming, affiliate and medical industries will be showcasing their products and services as well as a Startup Village where delegates can evaluate new market players.

High Profile Attendees

Gary Vee and Jordan Belfort are amongst 15,000 top level attendees expected for this supreme event. Prior to the SiGMA Eurasia Dubai expo there will be a meetup in collaboration with SiGMA which features Jordan Belfort also known as The Wolf of Wall Street. This event will provide opportunities to network with influential individuals and decision makers including senior government officials and leading experts such as serial entrepreneur and investor Gary Vee who is set to speak on three conference stages.

Networking Opportunities

Nightly networking drinks and dinners will take place giving delegates an opportunity to meet one another build lasting business relationships all while evaluating potential business partners or strategic alliances or joint ventures that could help further develop their projects both locally or internationally. The prestigious Gala Awards closing celebration are two of the most sought after events whereby proceeds from these events benefit educational institutions in Africa through support from SiGMA Foundation.

Keynote Speaker

The agenda for this event focuses on thought provoking conference sessions led by renowned thought leaders including keynote speaker Gary Vee who is highly successful entrepreneur investor providing audience members an opportunity to form collaborations pursue business opportunities among other things that could help further contribute towards their respective businesses growth strategies or development plans either regionally or globally speaking.

Overall Benefits

By bringing together top investors suppliers affiliates startups operators etc this year’s event gives everyone attending a chance to explore new markets technologies gain access key decision makers form long lasting relationships between industry peers all while being able leverage special offers available through local government representatives present special benefits offer great value those looking explore further develop their projects likely achieve greater returns investments made either short term long term basis respectively .

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China Telecom and Conflux Network Partner to Pilot Blockchain SIM Card in Hong Kong

Posted on 15. Februar 2023 in Allgemein

• China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market.
• The BSIM card integrates Conflux’s Tree-graph, dual proof of stake and proof of work technology, enabling the highest system performance for any blockchain in the world.
• The built-in Bluetooth module will be responsible for the signature and transfer of assets, to ensure the security of personal digital assets.

China Telecom and Conflux Network Partnership

China Telecom and Conflux Network have announced a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year with plans for pilots in key mainland China locations such as Shanghai.

Features of BSIM Card

The BSIM card is indistinguishable from a traditional SIM in appearance but has 10-20 times larger storage space and increased computing power by tens of times. It integrates Conflux’s Tree-graph, dual proof of stake and proof of work technology, enabling maximum system performance for any blockchain in the world. Additionally, it uses hardware security advantages from SIM cards to protect users’ private keys which is a secure and convenient Web3 entry solution.

Benefits for Users

By using a BSIM card, users can store their digital assets safely, transfer them conveniently, and display them across various applications. The card manages and stores public & private keys on itself while carrying out digital signatures so that no private key exits the card. Furthermore, it offers encrypted storage & key retrieval operations along with Bluetooth module responsible for signature & asset transfer ensuring safety & security of personal digital assets against malicious software attacks on phones.

Integration with Real World Identifiers

Users’ identifiers from traditional world like mobile phone numbers can be tied up with Decentralized Identifiers (DID) allowing better integration between virtual & real world information. Also smart contracts based abstract accounts enable safe & efficient use of users‘ crypto & traditional currencies by blockchain applications through BSIM cards.

Conclusion

The introduction of BSIM cards by China Telecom in collaboration with Conflux Network provides an easy yet secure way for telecom subscribers to utilize Web 3 services while protecting their personal digital assets from malicious software attacks at same time offering integration between virtual & real world information through Decentralized Identifiers (DID).

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Binance Halts USD Bank Transfers: Normal Business, No Reason to Panic

Posted on 8. Februar 2023 in Allgemein

• Binance crypto exchange has temporarily halted its USD bank transfers.
• The suspension will impact only a small portion of users and the company is working on restarting the service as soon as possible.
• Binance has an operational Visa card available in multiple countries, however, it takes about 45 days to be shipped.

Binance Crypto Exchange Temporarily Halts USD Bank Transfers

Binance crypto exchange has temporarily suspended all USD bank transfers due to global regulations looking for ways to control the crypto market after scenarios such as FTX and Alameda implosion. The impact will only be felt by a small portion of users while all other methods of buying and selling crypto remain unaffected.

Visa Card Available In Multiple Countries

However, Binance does have an operational Visa card that is available in multiple countries with shipping times taking approximately 45 days depending on the destination.

Binance Is Largest By Daily Traded Volume

The exchange takes pride in being the largest by daily traded volume worldwide and one of the most regulated firms in the industry. All non-US entities are still able to operate with local currencies where Binance is regulated.

Control Measures Put In Place By US Fed To Ease Inflation

The control measures put in place by US Fed are expected to be felt throughout the entire crypto market, however, they only account for 25% of worldwide economic activities meaning other exchanges may follow suit soon.

Advice For EU & Asian Users To Remain Calm

Therefore, Binance exchange has advised its EU and Asian users to remain calm as business operations continue as usual outside of US boundaries.

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Securely Send Money Back Home with Félix and Bitso

Posted on 31. Januar 2023 in Allgemein

Bulletpoints:
– Félix, a Whatsapp-based payments platform, has partnered with Bitso to allow US-based Latinos to send money back to Latin America.
– Félix and Bitso use AI and blockchain technology to make sending remittances easy and secure.
– Traditional remittance solutions present challenges such as high processing fees, distance traveled, and safety concerns with physical cash.

Latinos living in the United States now have an easier and more secure way to send money back to their relatives in Latin America. Félix, a Whatsapp-based payments platform, has recently partnered with Bitso, the largest crypto platform in Latin America, to offer a stellar remittance solution. With the combination of AI and blockchain technology, the duo is working to make sending remittances as easy and human as possible.

Remittances are largely still a manual process that pose several challenges. People have to travel in person to send or receive a remittance, incur hefty transaction fees, and send or receive their remittances in physical cash, which can present safety concerns. This is why Félix and Bitso have come together to provide a secure and cost-effective solution to these issues.

With the help of Félix and Bitso, US-based Latinos can send money back to their families in a matter of seconds. The platform provides the convenience of using a chat platform that is well-loved by Latinos in the US, while providing the security of blockchain technology. Moreover, the transaction fees are significantly lower than those of traditional remittance solutions.

Félix and Bitso have been working together to solve the cross-border payment issues that plague many immigrants. Their partnership has allowed them to create a stellar remittance solution that is both affordable and secure. By combining AI and blockchain technology, the duo ensures that sending remittances on Félix is as easy and human as possible.

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Elon Musk Announces Twitter Blue Subscription: Benefits for Dogecoin?

Posted on 24. Januar 2023 in Allgemein

• Elon Musk, the CEO of Tesla and owner of Twitter Inc., has announced a new Twitter Blue subscription.
• This subscription will reduce ads and increase the price of Twitter Blue in order to bypass the charges imposed by Apple and Google.
• Dogecoin proponents believe this move may fuel the growth of the coin, as it will be incorporated into Twitter’s payment system.

Elon Musk, the Chief Executive Officer (CEO) of American electric vehicle giant, Tesla, and the new owner of the micro-blogging site, Twitter Inc., recently announced a new Twitter Blue subscription. This subscription will increase the price of Twitter Blue in order to reduce ads for users, and bypass the charges usually imposed by Apple and Google for payments made through their App Stores. Twitter charges an extra $3 for the monthly subscription, which currently costs $8 per month.

Dogecoin proponents are hopeful that this move may fuel the growth of the coin, as it will be incorporated into Twitter’s payment system. This is due to Musk’s strong support for the memecoin, as he has shared a number of initiatives that may help to increase its price. Additionally, the social media platform has recorded an exodus of advertisers since Musk took over, so a change in the revenue stream could potentially benefit Dogecoin.

The idea behind this move is that Twitter Blue’s subscription may be increased over time and will contain zero ads. This will go a long way to cushion the dwindling ad revenue on the social media platform. Furthermore, the subscription will help to bypass the charges that Apple and Google impose for payments made through their App Stores.

Overall, it’s clear that Elon Musk’s announcement of a new Twitter Blue subscription may have a positive effect on Dogecoin. Although the details of this plan are yet to be revealed, it’s likely that it will help to propel the memecoin’s price. As such, Dogecoin proponents remain hopeful that the cryptocurrency will benefit from this new development.

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13 Crypto Projects Set to Yield 50-100x Return: New Era of Growth and Development?

Posted on 24. Januar 2023 in Allgemein

• A crypto analyst recently shared a list of 13 new crypto projects to watch out for in order to yield a 50-100x return.
• The first project on the list is the Sui Network, a high-performance L1 using the Move programming language.
• These projects could contribute to the evolution of the industry and enable a similar trend to that of Solana and Polygon.

Crypto investors looking for the next big investment opportunity have been given a list of 13 new crypto projects to watch out for which could yield a 50-100x return. The list was shared by crypto analyst Miles Deutscher in a recent tweet, who claimed that the most progressive digital tokens have not even been released yet.

The first project on the list was the Sui Network, a high-performance L1 using the Move programming language. The protocol was founded by 5 former Meta engineers who worked on the now defunct Libra/Diem project. The Sui Network has been under development for some time, and recently released its Testnet Wave 2 upgrade in preparation for its full launch. The project has been developed to provide a cutting-edge blockchain infrastructure in order to facilitate the growth of decentralized applications.

The other projects on the list included Marlin Protocol, a layer 2 scaling solution for Ethereum; Lotion Network, a high-performance blockchain for enterprise applications; and Dimond, a blockchain-based platform for decentralized finance. Other projects include Celo, a platform for global financial inclusion; Acala Network, a cross-chain DeFi platform; Fantom, a high-performance blockchain for decentralized applications; Avalanche, a smart contract platform; and Polkadot, a blockchain platform for interoperability.

The potential of these projects to contribute to the evolution of the industry, and enable a similar trend to that of Solana and Polygon, has been widely discussed and celebrated by the crypto community. With the launch of these projects, the crypto space could be looking at a whole new era of growth and development.

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Forex: Asian Currencies Expand Their Potential

Posted on 7. August 2020 in Allgemein

 

Asian currencies are expanding their potential in the Forex market. After months where these assets were not the first choice of investors, they have regained strength.

World economies have been shaken by the global Coronavirus crisis, causing an unprecedented recession.

Thus, the foreign exchange market has been equally affected, as investors opted for safer currencies for their operations. And Asian currencies did not provide that security, but that seems to be changing.

Investors are raising their stakes on Asian currencies

China and Asia in general have promised that the recovery of their Bitcoin Millionaire economies will be a near reality. Well, the Asian giant has managed to make the figures for its country’s economy positive.

Analysts‘ expectations of this supposed recovery of the Asian economies were negative at first. Since the Coronavirus seemed to have caused too much havoc in those countries.

However, the clear reopening of the Chinese economy has allowed investors to regain risk appetite. And thus incline their trading to Asian currencies.

Investors have become more interested in the risk environment. Focusing on the Chinese yuan and most other Asian currencies, according to a Reuters survey.

This is thanks to signs of a recovery in the pace of Asian economies. Since the figures that have come out of the economic data, they promote positive growth.

In addition, initial data from three potential human trials of COVID-19 vaccine were released on Tuesday. This has been an optimistic indicator for China, hailing the interest of investors in Forex, said Han Tan, FXTM market analyst.

However, he warned that the tolerance of export-dependent Asian countries for greater monetary strength is limited.

In addition, political tensions between China and the U.S. appear to be increasing by the day. Complicating the environment for Asian currencies

Forex Market: Investors regain risk appetite
Will China achieve the desired economic upturn?
China recorded better than expected figures in the country’s economy in the Gross Domestic Product (GDP) and trade figures. In addition, the Chinese government promised increased fiscal support.

This increased confidence in the yuan and fueled a recovery in local stocks.

Goldman Sachs analysts expect renewed interest sentiment between the yuan and the dollar to support currency operations. They believe that the growth of Chinese activity will overshadow the rest of the world in the second half of 2020.

However, they point to worsening Sino-US relations as a potential threat to the Asian giant’s economic rebound.

 

New York discusses a tax on the sale of shares

Asian Currency Survey Results
The Reuters survey focuses on analysts‘ considerations.

These are the current market positions in nine Asian emerging market currencies: the Chinese yuan, the South Korean won, the Singapore dollar, the Indonesian rupiah, the Taiwan dollar, the Indian rupee, the Philippine peso, the Malaysian ringgit and the Thai baht.

The yuan’s bullish positions outpaced those of its peers and were at their highest point in two and a half years. Thus touching levels that were only seen before the U.S.-China trade war began.

In summary, these data show a clear improvement in the performance of Asian currencies in the Forex market.

Thus, analysts believe that this outlook can be sustained for a couple more weeks. The political tensions with the United States from China could complicate the future operations of the Yuan.

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